The Mark Moss Show Nov 08, 2021

you don't know what's what. Um, maybe it's a scam, maybe it's a ponzi, Maybe it's a fad, or maybe just maybe this is the biggest thing that you'll ever see, the biggest opportunity that you ever see in your life. And of course that's what I believe. UM. I don't

just believe that blindly. I know that factually as a student of history, as a lifelong investor, entrepreneur, and uh, each and every week, I'm gonna bring to you the information that I have learned along the way that I've been studying or years and years and years, and I'm going to share that with you. And you want to know this information because I'm not being dramatic or over the top here, but I literally mean this is going to be the biggest opportunity that you'll ever see in

your lifetime, that you'll see in multiple generations. And as I like to say, age and every week, this is the largest, the best asymmetric opportunity. That means there's more upside than downside. And the way that you benefit from these asymmetric opportunities is by having asymmetric information. That means you have information that most people don't have. Now, when you have information that most people don't have, you have an edge. As an investor, as a business person, you

need an edge. Otherwise, if everybody knows the same thing, there's no edge, there's no alpha, there's no way for you to get a better return. Right. If you're an athlete, you want to have an edge on your competition, right, so you study your competition to find their weaknesses and where you can you have strength or at the edge. And so the edge isn't having the information that most people don't have. Now. I have been studying this, I've been researching it and I've been writing about it since

two thousand and fifteen, it's about six years now. UM. I have been a lifelong investor. I invested through the dot com bubble and and on. I started to eat internet business. I have a fortune, so I have the perspective. I've been doing it. I've been studying this for a long time. I've personally researched and published over a thousand pages of research on cryptocurrencies, and so I have an edge. I've made a lot of money in this space because i have an edge, because I've been doing this for

a long time. I have you know, I have a radio show now, and I have access to the smartest people in the space. I mean, I'm talking the builders, the doers, the investors. I'm talking the smartest people in the space. And I talked to him on a regular basis. They're my friends. We chat on the phone. I had dinner with him, a couple of them last night. I have an edge. I have information that most people don't have.

But guess what, you can have that edge too. You can hang out with me each end every week right here on this radio show, and I'm gonna tell you what the smartest people in the space, my friends are telling me the conversation that we're having, and so my edge is your edge. As long as you stay with me, it's gonna be the most profitable time of your week.

So pull ut your phone, put a reminder is at this time, this date, this channel the station on your phone, and do not miss it because it's gonna be that big. Now we're talking about bitcoin, we're talking about cryptocurrencies in this decentralized revolution and and the wealth transfer that's happening.

And you know, I like to talk about why it's important because you need to understand how big it can be and when it can get there, like what are the markets that's disrupting, how much value can it pull? How much can it change our life? Um? And that helps us set like this target of where it can go, and then we want to pay attention to that target to make sure that it's still in play, right, it's still in progress. And so that's what we do each week. You know, I'm going to continue to let you know

why it's so big. You know, how big it can be, UM, the industries that can disrupt, all those all those super fun things. And then each and every week we want to pay attention to those things to make sure that it is still on track. UM. And so we're doing that now. UM as far as the price goes, you know,

we're gonna talk about the price. We this is the first show of the month of November, and the bitcoin price, which of course leads the entire cryptocurrency space, closed at an all time high last month and November the highest point it's ever crossed. And so that is a very bullish sign on the market. You know. And bitcoin is now over a trillion dollar it's about I think one point one one point one five trillion dollar market cap. As a matter of fact, it's you know, one point

one five and uh, it's massive, it's massive. It's it's it's a legitimate asset. The entire cryptocurrency market cap is up to about uh two point six trillion dollars, which is again massive, It's it's a it's legit, right, it's legit now. And I was saying before, uh, you know, I've been looking at and thinking about the price, and um, you know, I like to say that the price is

a little bit of a distraction. But I like to say that the price, while it's a distraction, while while I do not believe that it's something that you should be focused on, and I'll explain to you why. What I do think though, is that bitcoin and cryptocurrencies, and bitcoin specifically is a bait and switch. I have a have a tweet that went viral saying that kind of same thing. It's on my email newsletter. The bitcoin is

a bait and switch. It sucks people in on the price, hoping to get rich, hoping to make a bunch of money, and then it switches them into realizing that bitcoin is the greatest invention, the greatest innovation, the greatest technological revolution that will ever see that will literally change the way humanity works for the better, for the better. Um, throughout history, as far back as you go, it's just a cycle of of oppression, revolution and freedom and then oppression, revolution, freedom.

It just repeats over and over and over and um. You know, man, humans want to take control over systems and manipulate them, and it creates distortions in the market, and we print all kinds of money and then people get enslaved. Um. Maybe if you don't want to use that word today, just think about you know, oppressed, Think about all the people whose businesses got forced to shut down and people that can't go to work today. You know,

um that that type of oppression it's created. You know, supply chain backups that how have today, you know, prices shooting through the moon. Of course, you know the people that be in power, the leaders that be today gaslighting you saying it's you're not really seen inflation. Uh, it's not really a problem. Um, and it's it's it's all gonna go away. Well, if you go fill up your car with gas, or you go buy some food at the grocery store, you realize that prices are going higher

and it is a problem. And so bitcoin can fix that. Bitcoin can fix the entire incentive structure to the entire world, making it a much more peaceful, much more friendly place. And so it's that big. It's gonna change many and so um, that's what we're focused on. But again, the price is that bait and switch baits you in with the price switch it to the greatest tool for human freedom and flourishment that the world has ever seen. But

going back to the price for a minute. Um again, because it's the bait, going back to the price for a minute. Like I said, we closed the month at at all time high, and the network continues to go higher and higher and higher. Now I think it was twenty seventeen, the biggest bank right, the most powerful bank in the United States. I'm talking about JP Morgan. Chase Um and Jamie Diamond is the president of the bank,

the CEO of of JP Morgan. In seen, he said that bitcoin is a scam, it's a fraud, and he would never, ever, ever, ever think about buying bitcoin. As a matter of fact, he went on to say some harsh things, even harsher than that, and went on to say that if anybody from JP Morgan even traded bitcoin, he would fire them. What. That's pretty harsh, right, That's it's super harsh. That's what he said. Um. It makes

me think of this quote. I think it was gone to who said, you know what, at first ignore you, then they laugh at you, then they fight you, and then they joined you. And that's kind of what we've seen with JP Morgan, Like I said, probably the most influential bank in the United States. Um will fire anybody if they even trade bitcoin. That's what he said. Um, but that was my my My things have changed. As

a matter of fact. JP Morgan just put out some new guidance this week of where they think bitcoin could go and why it could go there and how fast it could go. And you will not believe the price that they have pegged onto bitcoin and again, um, why they think it can get there, How they can get get there? Um. And so we went from JP Morgan saying I'll fire anybody who buys it, and now JP Morgan is advising their clients, I'm gonna tell you where that price is going to go when we get back.

You're listening to the Mark mass Show. I'm talking about bitcoin, I'm talking about cryptocurrencies. I'm talking about the decentralized Revolution, and I will be right back. All right, welcome back. You are listening to the Mark ma Show, and we're talking about bitcoin and cryptocurrencies and the decentralized revolution, bringing you the latest information each and every week so you can profit from the greatest opportunity that you'll ever see

in your lifetime multiple generations. Now, before we went on the last break, if you were still with me, we were talking about how the price is a distraction when you're investing in new technology. The prices distraction, however, it's a bait and switch. It baits us in on the price of hopes of making a bunch of money and having all our dreams come true and being able to buy all those things that we want, and then it switches us into the greatest tool for human freedom and peace, uh,

that we've ever seen. Um. But you know, because the prices the bait, We're going to talk about that. And I was saying that JP Morgan chased the largest most influential bank in the United States, and the CEO, Jimmy diamond back In said that bitcoin is such a scam that he would never buy it, he would never do anything with it, and even if anybody in JP Morgan were to trade it, he would fire them, which was a pretty extreme, but that's what he said. Um, and my, my, my,

have they changed their minds? They have changed their minds. And of course they have because the bitcoin network has continue to grow and it's continued to take over more and more market share. And as I said before I went on the break, I think it was gone to who said that. First they ignore you, so you know bitcoin from nine two thousand, two thousand eleven, nobody pay attention. Then they laugh at you, you know two thousand ah ha ha ha. These people think they can create their

own money. That's so funny. Um. Then they then they fight you, right, So then we have two seventeen two eighteen. Uh, they fight it. Jimmy Diamond says, we'll fire anybody who does anything with it, fight it, and then finally they join you. And that's where we are today two. Everybody is joining bitcoin and force. We like to say in the space that everybody will buy at the price they deserve. Just think about that for a man, and just marinate on that for a minute. Everyone will buy at the

price they deserve. And that just means that eventually everybody is going to be forced to capitulate. Eventually everybody is going to be forced to buy. And uh, you know, your life is made up of the choices that you make. That's what That's what makes up your life. And you have the choice. You can buy now at this price, or you could listen to the people like Jamie Diamond who changed their mind and not buy and then you

just buy later at the price you deserve. And that might be uh, when it's ten x from here and you get to decide. But of course Jamie Diamond, JP Morgan Chase has changed their mind on that, and they don't want to buy at a higher price. They want to buy the price they deserve. What they think is now, and so they've renewed their target. And just this week JP Morgan came out UM and they came out with a price target of a hundred and forty six thousand

dollars for bitcoin. Now, a lot of people ask me all the time, you know, Um, should I buy bitcoin? Is it expense? Is it too expensive? Should I wait for a dip? Should I wait? Right? The thing is is that is it too expensive? Well? Too expensive relative to what? Is it too expensive? Is bitcoin expensive RelA to when it was ten cents? Well, heck, yeah, of course it is. That's sixty now. Of course it's expensive. But is it expensive compared to where it could be

in the future. So if bitcoin could be a hundred and fifty thousand dollars, is it is it expensive or cheap? We'll shoot. If I can buy an acid for fifty thousand, that's gonna be worth a hundred fifty I'll do that all day long. So it's cheap, right, And so JPMorgan this week they said that they have renewed their price target for bitcoin a hundred forty six thousand dollars and they say that UM the bank says bitcoin is increasingly looking like a digital alternative to gold in the eyes

of investors. It went on to say that it said cryptos are quote an emerging asset class on a multi year structural up trend. And so, um wow, that that really went from a fighting fighting us to join us pretty quickly, didn't it. Um. And so they said that, um, you know, they think that coin surges to a hundred forty six thousand dollars. That's about a hundred and thirty or more. It's about a hundred and don't almost a hundred and fifty percent above today's price. Now, what is

a hundred and fifty percent? Well, let's just put this into perspective. Now we're at this weird point in time where everybody's out there gambling today. Um, you know, I've been helping investors for decades, and uh, you know, I've just never seen people coming into the space with these expectations they have today. Um, I see people coming in and if I can't make ten times my money this year, and I'm like, what make ten times your money this year?

But that's kind of the expectations of some people to have. But um, per JP Morgan, they said that the price of bitcoin could go up a hundred and fifty percent. Now, so let me put this into perspective for you. Traditionally, people, if you go to your financial advisor, you know, you go to your child Schwab advisor or whatever you go to, Well, they're going to tell you to do a sixty already split, put sixty into stocks and put into bonds, and just

stay in the market. Over the long run, you're gonna make a lot of money. It's not timing the market. It's time in the market. Well, the market time, time in the market. If you've been in the SMP five, the biggest stock market in the United States, um, you would have average depending on what time frame you're looking at, sixty years, eighty years, you would have looked at somewhere between a six to eight percent return. Six to eight percent. Now that's not bad, that's not bad. You know, every

seven eight years you double your money. I mean you do that, you know, you double it for years in a row. You end up with a pretty good nest eig. And that's why it's about timing, you know, getting in the market now, allowing that power of compounding to grow. But that's six percent or eight percent to ap Morgan saying, you could make a hundred and fifty percent, So fifties is better than six or eight percent. And so guess what happens. A lot of people are going to take that,

and then it becomes like the self fulfilling prophecy. So the more people that jump in, the faster it goes up, then it drags more people, and the faster it goes up, and on and on and on. Now, JP morgan Um says that they think one of probably the hundred or so reasons why it can go up is two things. One, they said that it's it's a scarce product. It's a scarce product, so it's it's scarcity, right, so value is really given to things that are scarce. Economics are driven

by supply and demand. The more demand there is but less supply, that creates scarcity. More people want something that there is something available, and naturally, of course it drives the price up. Um, the more supply there is and the less demand, then the price goes down. Right, It's it's it's pretty basic. Now, your um, your leaders, your financial leaders, your economists, the Federal Reserve. They don't want

you to understand that. They wanted to be some crazy complicated uh, you know thing in the head that you have to know the velocity of money, and you have to know all these things. Um. But now it's just applying to man. The more people that want something and the less there is of it, the price goes up. And that's why, um. The Fiat money system, the system that the central banks do use, which is they print an unlimited amount of money. UM, then that's why there's

no value there. That's why it continues to lose value. Again, back to scarcity. So JP Morgan says, it's a scarce product, but there's something that they are comparing it to. As a matter of fact, it's the uh such the largest asset class, but it's one of the oldest asset class in the world. They say that it compares to I want to tell you about that because if you understand that market that JP Morgan says is uh is a good analog to bitcoin, then you'll really understand what the

value is and where it's going. So I want to tell you what that is and how we can draw a comparison to that. But the way you're listening to the Mark Moa show, we're talking about bitcoin, we're talking about cryptocurrencies, and the decentralized Revolution, helping you navigate the greatest wealth transfer you will ever see. The Mark Ma Show, and I will be right back, all right, welcome back. You are listening to the Markma Show talking about bitcoin

and cryptocurrencies and the decentralized Revolution. I'm here each and every week giving you the information that you need so you can stay in this thing. You can stay in this thing now. Um, you know what when I say stay in this thing, what do I mean by that? Well, you know, if you if you bought bitcoin in two thousand and ten when it was ten cents um, you probably would have sold it a dollar. That would have been the best trade of your life. Or you would

have sold it ten dollars. You would have sold it a hunt it dollar. Right, at some point you would have sold The only way that you would have been able to really really get rich is to stay in it. But of course it's hard because the price goes up and down, and you hear all these different things, and so you have to stay up on news and stay up on the development in order to stay in it. Otherwise you get shaken out of your position. You don't want to get shaken any position. Early, and so that's

what we're talking about now. I was talking about how the prices distraction. It's a bait and switch. You get sucked it in the price, then you realize it's the life changing technology. But I was specifically, I was talking about JP Morgan and one of the most influential, biggest banks, oldest banks in the United States, and JP Jamie Diamond had said that back in seen that it was a fraud, it was a scam and if anybody at JP Morgan was traded and he would fire them pretty harsh words. Um,

that was fighting part. And now they have decided to join us. And now JP Morgan this week came out with guidance said that they think bitcoin sprice could get to a hundred and forty six thousand dollars. And what they said is that because of its scarcity. We're talking about the scarcity before the break. But they said that, um, they think it's tracking like gold. It looks like gold, and um they said it's acting more like a digital

gold than ever. So what happens is whenever there's a new technology as humans, because as humans, we can't envision the future. All humans can do is imagine a better version of what we have today. So we have cars, will have flying cars. Right, we can't imagine things in the future because we don't have those those things that this building blocks. And so what we do to try to understand something new like this a new technology is we try to um, we try to compare it to

something we know. That's all we can do. So UM. When electricity came out, it's kind of like a digital candle. Right, It's a way that I can have light, but I don't need a fire to do it. Well, it was that it was sure the electricity was a digital candle, but why do we need that? I mean, candles have been great for five thousand years for light. Candles are even better because it's portable. I can carry a candle around and I can replace it and I don't need

all these stupid wires and on and on and on. Right, um, and electricity was a digital candle, but of course today it's so much more. And um. Gold has also been money for five thousand years, and gold has been great, um because of many reasons. The money has to have characteristics to make it good money, and needs to be portable, divisible, durable, things, acceptable, salable, etcetera. UM, and and uh, so it's it's been good money for five thousand years, but it's not really that good of

money today. As a matter of fact, it's not even money today because it hasn't adapted. So, um, you're listening to me over the internet or over the radio, and I can't send you gold over the internet, right, there's a problem with that. Um. And So while it's been a good way to store wealth throughout the ages, and part of partly because it's scarcity, um, it just it hasn't kept up with the Internet age. And so um today, over the last year or two, we've really seen most

investors are moving into bitcoin and not into gold. And so um, that's exactly what JP Mo're gonna saying here. And they said, the bank says bitcoin has increase even looking like a digital alternative to gold in the eyes of investors, right, and so that's what they're saying. Investors are turning to gold. Um, it says, uh, they're preferring

to hold gold in their portfolios. Um. JP Morgan thinks bitcoin, which is a scarce product, is is competing with gold for investors attention as a hedge against inflation and that's something that will rise even as inflation eats away at the value of other assets. So we have inflation, massive inflation. Prices are going up all over the place and in a crazy fashion. Obviously, inflation hits each of us differently depends on what you're buying, what your goods and baskets are.

But you know, gasoline is up fifty this year, stakes up what this year? A new new homes or homes or up this year. US use cars are up thirty five percent this year. What that means that's inflation. Prices are going up. And what that means is not that just prices are going up, but your dollars are buying less and less and less, and so we need a hedge against that. Um My dollars are losing purchasing power so fast. I need to hedge that. I need to say, I need to guard myself against that. So I have

to put my dollars into another asset. That could be the stock mark, it could be real estate, could be gold, um or now it's bitcoin, and so we need to hedge against that, we protect that. And they're saying that investors are more and more and more turning to bitcoin

instead of going back to gold. Um. They said that this quote the re emergence of inflation concerns among investors appears to have renewed interest in the usage of bitcoin as an inflation hedge end quote another quote, Bitcoin's allure as an inflation hedge has perhaps been strengthened by the failure of gold to respond in recent weeks to heighten concerns over inflation and quote so um. What they're saying is that gold has been the best hedge, the best

way to secure your wealth against inflation. Um, and now it's not working. Inflation is running at a thirteen year high. As a matter of fact, it's higher than that. We're seeing levels of inflation prices increasing that we haven't seen since the seventies. So um, not just thirteen years, and it's decades. I mean, prices are going up so fast.

And your leaders, uh you know, Biden and men, they want to tell you that it's transitory, it's going away, it's temporary, don't worry about it, right Like, Uh, it's uh, it's because supply chains are breaking down, and once supply chains get going again, then then prices will get back to normal. No, that's not that's not the truth. One of my favorite economists, Milton Friedman, said that inflation is always and everywhere a monetary phenomenon. It can only be

created by money printing. That's it. So when you think of the money supply like a balloon, um as I fill up the phillip the money supplies, I filed the balloon. It inflates. It caused inflation. I increased the money supply. And what happens, is what everybody hopes happens, is that if we print a bunch of money and give it to everybody, we send out stemmy checks to everybody, then everybody's rich. Right, But no, money isn't Money is not wealth. Wealth is goods and services. If I have a bunch

of money. If I'm stuck on a deserted island, and I got a billion dollars in a briefcase, but I got no boat, no phone to call for help, I got no food, I'm not rich. That billion dollars does me no good, right, I have no goods and services to buy with that. And so if we magically out of magic wand and overnight I put a trillion dollars into every single person in the United States bank account, you woke up in the morning and everyone had a trillion dollars in the main account. Oh my gosh, we're

all rich. We're not. Really. All we did was increase the money supply. Now we have more money chasing the same amount of goods and services. We didn't increase the goods and services. And when we have more money chasing the same amount of goods and services, guess what happens.

Prices go up. So you're even though the money in your account went up, you can't buy any more goods and services, so you're not getting more wealthy, basically what we're talking about, and so we need to protect uh the purchasing power what we can buy with it, and be back to what Milton Freeman said, it's always a monetary phenomenon because when they increase the money supply, prices

go up. That's why it's always a monetary phenomenon. So don't believe them when they tell you it's supplies James going back to normal. No, when they stop printing money, maybe, but they can't and they won't, and inflation is going to continue getting worse and worse and worse, which is why you need to be more and more concerned with having an inflation hedge, which, as JP Morgan says, gold has lost that. Um it's failed to respond to inflation,

and that's why people are running to bitcoin. So anyway, UM, gold is about a thirteen trillion dollar market cap. Bitcoin is about a one trillion dollar market cap. JP Morgan and City Bank both say that Bitcoin could overtake gold again. It's a thirteen choining market, which means bitcoin could go up thirteen times from here. Wow, it's pretty amazing. But

that's not all. There's even bigger price targets and that I want to tell you what those are, um, because you might not believe it, but I'm gonna break it down for you so you understand where we're going and again and give you the information you need so you can hold through these markets, hold on with those strong hands. By the way, you are listening to the Mark Mass Show, I'm bringing you the latest information on bitcoin, cryptocurrencies and

this decentralized revolution, so you have the asymmetric information. That's information most people don't have, so you can take advantage of this asymmetric opportunity. What I believe in my I don't know. Shoot, I'm old now twenty years, twenty five years of full time investing experience. I've never seen an opportunity like this ever. Um, let me listen to Mark Ma Show and I'm gonna be right back. All right, welcome back. You are listening to the Markma Show. And

we're talking about bitcoin, talking about the cryptocurrency boom. We're talking about this decentralized revolution that's changing the world right before our very very eyes. And I spent a lot of time before the break talking about the price. Um, it's a distraction, but it's still important. It's a it's a bait and switch. We were all interested in the price. Um. But but maybe we shouldn't be so interested in the

price in the way that we think. Um. You know, we can see other currencies around the world just blowing up meaning uh, meaning just becoming worthless right before our very eyes. It's happening all over the world as I'm talking to you at this very moment. Uh. There's I think half a dozen countries that are seeing double digit inflation. Lebanon seeing their current and entire currency collapse in just

a few months. Of course, Venezuela, the currency, you don't even pick it up off the ground anymore, and so, um, you know what a hundred dollars used to be a lot of money, and then there was a thousand and a million, and then a billion, and next you know, trillion dollars doesn't even buy what a what a hundred dollars used to buy. And so it's not it's not

really about making money. You know. One thing that's important to understand is that if well, I don't want to say if I should say when when bitcoin gets to, you know, a million dollars per bitcoin. Unfortunately, a million dollars just won't buy you that much stuff anymore. And so, um, what you need to do is start kind of getting the idea of thinking of everything in dollars terms out of your head and start thinking about things in terms

of purchasing parkers at the end of the day. Um, if you're with me, before the break, I was talking about how money is not it's not wealth. Money buys us goods and services. Goods and services of wealth, not the money. The money is just a tool to to acquire those things. And so when you just price things in dollars, uh, you're not really seeing the whole picture. What you're trying to see is how much goods and services can I buy? And so that's that's really the thing.

And so um I was talking about before the break. JP Morgan says that bitcoin could overtake gold, and they think you could get to a hundred hundred forty six thousand dollars here in the short term. That's a hundred increase from here today. If it overtakes gold, golds about a thirteen shillion dollar market cap, it's about a thirteen x from where we are today, which is amazing. Um, we could even go up higher than that. Um, what we've seen I was, I was kind of referencing this

Gandhi quote. First they ignore you, then they laugh at you, then they fight you, then they join you. And we've gone through all those stages with bitcoin. It was ignored, it was laughed at, it was it was fought, and now it's being accepted. And so um, what we can see is JP Morgan obviously is accepting it. We're seeing at the point now we're seeing, you know, obviously the people have accepted it, the banks have accepted it, and now we're seeing fortune companies accepted as their reserve like

micro strategy. And now we're seeing countries, um accepted, like El Salvador. And so we're at that point where it's just blowing up. And I know, you know, one of the biggest objections to this is that, ah, the governments are just gonna make it illegal. They're just gonna make it illegal. Well, there's a few things that I would say to that. One I would say is that that sounds like when I hear that, all I hear is

man man mah, I just hear sheep talking. The people run the government are supposed to the government is therefore the people. Now, it's not being run like that today, but that's what it's supposed to be. And I can tell you one thing. If a billion people do not want bitcoin to be illegal, then it will not be illegal period. So anyone who's just like the government's just gonna take it away from us, Um, you're just you're already a victim, and uh, maybe bitcoin is not right

for you. You're gonna buy it later when when when when the price is hire? But um, in more seriousness, well that is kind of serious. But um, you know I've gone on many times talking about why it won't be made illegal, why they can't make it illegal. I think there's there's several reasons. If you've been with me every week, I'm not gonna dive super into this deep

this week. But we had the first bitcoin et F become approved, and so I think that was like, I mean, if you still think it's gonna become illegal after that, I mean, you just don't understand how the fun antial markets in and the government work together. I think that was basically sealed the deal. It's not going to be made illegal right now. Approximately about fifty million Americans own bitcoin at this point, um, which is a big number.

And I said, you know, a billion people don't want bitcoin to be illegal, but a fifty million people don't want that to be illegal in the United States. I mean, it's not going to be illegal. We have three thirty million people, so I mean that's a big chunk of the population that own it. But more than that, um, is that we've reached this level of entrenchment in politics, and so you know, unfortunately, I'm not a big fan of the political system that we have today, or the

or the financial system for that matter. You know, a lot of people think that we have we're in a capitalist capitalism, capitalist society. Capitalism has failed us. Capitalism is dangerous, Capitalism is slavery. Blah blah blah blah blah. Well, we don't have a capitalist society. We don't have a capitalist system at all. Um. Capitalism means that I have the freedom to acquire capital and direct it as I see fit.

UM in a free market, a free exchange and in a free market, UM, we can choose to do business together or not. If if I'm if I own a business and I want to hire you for four dollars an hour, you have the right to either work for four dollars an hour or not. I'm not forcing you, And if you don't take it, neither of us or any worse off. Now, of course, I'll never find anybody to work for four bucks an hour, and so I have to pay more. And so that's kind of how

it works. It's like this free exchange UM. In in that type of environment, In a free market environment, both people think that they are getting the upper hand and a deal. If I'm trading you one asset for another, both of us have to think we're getting the better deal. Otherwise the deal wouldn't happen because it's free. We don't have that type of business, Tom, we have a crony system.

We have a system where the government and big business work together and put past laws and create regulations that entrench their positions and get unfair advantages and unfair um, you know, unfair competition over the people, and the government forces things. Instead of being a win win we have women forces things. Instead of being a win win, we have a win loose scenario. Um. But it is what it is, and that's where rats worked together. You understand

that big businesses lobby the government. They spend a lot of money to get politicians to vote the way they want them to vote. As a matter of fact, most of the bills that get put forth aren't written by the actual politicians. They're written by the lobby groups. And if you understand that, um, one of the biggest lobby groups is the financial industry, Wall Street, etcetera. UM, And then you understand that Wall Street, uh, as we just

talked about JP Morgan is in on bitcoin. They've they've spent billions and billions of dollars to bring bitcoin services in. So so the banks and the Wall Street are in on bitcoin. They spent billions of dollars to get into bitcoin. The financial industry lobbies the government. The lobbyists write the bills and give them to the governor's a sponsor. So how would the government make it illegal when when they're being lollied by the financial institutions and the fincances don't

want it to be illegal. He's starting to get the point, right. Uh. So the financial institution would just lose so much money, The fifty million Americans would lose all their well, you know, the wealth they put into it. They're gonna stand up and fight, and so I just don't see that happening. And even more than that, back to kind of the point that I was going to make, is that we've also reached a level of entrenchment with the lawmakers themselves.

And so we're at a point today where we see uh, dozens and dozens of congress people, congressmen women, uh and senators that are bitcoiners that own bitcoin. As a matter of fact, the head of the SEC, Gary Ginsler, taught bitcoin classes at m I. T Patrick McHenry, Republican head of the Financial Service Committee. There's a bitcoiner, um and um, we have another bitcoin freedom fighter, Cynthia Loomis, who's also a big time bitcoiner she's a Republican senator from Wyoming.

She's a rancher, and she's a bitcoin hoddler. She's a hoddler stands on for like holding on for dear life. And so she's fighting for uh, for the right, you know, to have bitcoin. But not just that. She wants um her state of Wyoming to benefit from bitcoin. And it's not just her. Texas is on board with this, uh, Florida's on board with this, and it's taking off, and so we have reached a level of entrenchment. UM. I just don't see how you put that genie back in

the bottle. Um. Anyone who thinks that it's being is going to be made illegal is missing the point. And so, you know, to kind of wrap this up, I would just say that, you know, back in when I started buying bitcoin, of still still dangerous, it's still risky, but today the biggest risk of it being made illegal is it's probable, but it's it's it's hardly probable. The chance of it's very slim. You're at the point in time where you have almost no risk and you still have

an easy ten x upside ahead of you. The greatest, greatest asymmetric trade I've ever seen in my entire career. I think that we'll ever stay in our life, and that's what I'm just trying to help you understand each and every week at at a deeper level and more importantly stay into that. Of course you're listening to The Mark Mass Show. If you didn't already know, well, I'm just, you know, trying to help you navigate bitcoin and cryptocurrencies

in this decentralized revolution. That the largest opportunity that you will ever see. If you get this right, it's generational wealth. It'll change your family lineage, will change your legacy. The Mark Mass Show. Thanks for joining